नवीनतम
RBI imposes penalty on HDFC Bank, Shriram Finance
MUMBAI [Maha Media]: The Reserve Bank on Friday said it has imposed a Rs 4.88 lakh penalty on HDFC Bank for contravention of certain norms relating to foreign investment in India while granting a term loan to its client.
The central bank also imposed a penalty of Rs 2.70 lakh on Shriram Finance Limited for non-compliance with certain provisions of the "Reserve Bank of India (Digital Lending) Directions, 2025".
Regarding the penalty on authorised dealer bank - HDFC Bank, the RBI said it had issued a show cause notice to the bank, in response to which the bank had submitted a written reply and had also made oral submissions thereon.
